Fielder Capital Group LLC Takes Position in Chicago Atlantic Real Estate Finance, Inc. $REFI

Fielder Capital Group LLC purchased a new position in shares of Chicago Atlantic Real Estate Finance, Inc. (NASDAQ:REFI) in the 2nd quarter, Holdings Channel reports. The institutional investor purchased 982,283 shares of the company’s stock, valued at approximately $10,530,000. Chicago Atlantic Real Estate Finance makes up about 2.3% of Fielder Capital Group LLC’s portfolio, making the stock its 11th largest position.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Strs Ohio acquired a new stake in Chicago Atlantic Real Estate Finance in the 1st quarter valued at about $47,000. Russell Investments Group Ltd. raised its position in Chicago Atlantic Real Estate Finance by 29.2% during the second quarter. Russell Investments Group Ltd. now owns 3,552 shares of the company’s stock worth $50,000 after acquiring an additional 803 shares during the last quarter. Garton & Associates Financial Advisors LLC purchased a new stake in shares of Chicago Atlantic Real Estate Finance in the fourth quarter valued at about $53,000. PNC Financial Services Group Inc. lifted its holdings in shares of Chicago Atlantic Real Estate Finance by 290.3% in the first quarter. PNC Financial Services Group Inc. now owns 6,183 shares of the company’s stock valued at $70,000 after purchasing an additional 4,599 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in shares of Chicago Atlantic Real Estate Finance by 3,041.1% in the second quarter. EverSource Wealth Advisors LLC now owns 6,722 shares of the company’s stock valued at $94,000 after purchasing an additional 6,508 shares during the last quarter. 25.48% of the stock is currently owned by hedge funds and other institutional investors.

Chicago Atlantic Real Estate Finance Stock Performance

Shares of REFI opened at $10.15 on Monday. Chicago Atlantic Real Estate Finance, Inc. has a fifty-two week low of $9.69 and a fifty-two week high of $14.57. The company has a market capitalization of $260.04 million, a PE ratio of 7.41 and a beta of 0.24. The stock has a fifty day moving average of $10.63 and a two-hundred day moving average of $11.41.

Chicago Atlantic Real Estate Finance (NASDAQ:REFI) last posted its quarterly earnings data on Tuesday, August 11th. The company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.05). The business had revenue of $12.61 million for the quarter, compared to analyst estimates of $14.17 million. Chicago Atlantic Real Estate Finance had a return on equity of 11.53% and a net margin of 54.57%. As a group, equities research analysts forecast that Chicago Atlantic Real Estate Finance, Inc. will post 1.72 earnings per share for the current fiscal year.

Chicago Atlantic Real Estate Finance Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 18.5%. The ex-dividend date of this dividend was Tuesday, June 30th. Chicago Atlantic Real Estate Finance’s dividend payout ratio (DPR) is presently 137.23%.

Analysts Set New Price Targets

Several brokerages recently issued reports on REFI. Citizens Jmp cut their price objective on Chicago Atlantic Real Estate Finance from $18.00 to $16.00 and set a “market outperform” rating for the company in a research report on Wednesday, August 12th. Weiss Ratings raised Chicago Atlantic Real Estate Finance from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, August 11th. Citigroup reissued a “market outperform” rating on shares of Chicago Atlantic Real Estate Finance in a report on Wednesday. Atlantic Securities set a $16.00 price objective on Chicago Atlantic Real Estate Finance in a research report on Wednesday. Finally, Zacks Research lowered Chicago Atlantic Real Estate Finance from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 4th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $15.33.

About Chicago Atlantic Real Estate Finance

Chicago Atlantic Real Estate Finance, Inc (NASDAQ:REFI) is a publicly listed real estate finance company that specializes in originating and acquiring commercial real estate debt. Pursuant to its election to be treated as a real estate investment trust (REIT), REFI’s investment strategy focuses on floating-rate senior mortgage loans secured by income-producing properties across the United States. The company targets stabilized, performing assets in sectors such as multifamily, office, retail and industrial, aiming to generate attractive risk-adjusted returns through current income.

Established in 2015 and headquartered in Chicago, Illinois, REFI completed its initial public offering in 2019.